Welcome to the January 2020 update of the Global Real Estate Fund Index (GREFI). It is an index showing the performance of non-listed real estate funds on a global basis and is created by ANREV, INREV and NCREIF. This publication includes performance figures up to end of Q3 2019.

The GREFI All Funds Index was updated for the first time on a quarterly basis following the second quarterly release of the ANREV Index for Q1 2014. From Q1 2014 onwards, GREFI has been updated 12 weeks after the quarter end. This index release follows the same structure of previous releases. All numbers are also available in an Excel file.

The history of the Global Real Estate Fund Index (GREFI) has been extended to Q1 2005, now offering almost 15 years of performance across all regions. 

The GREFI All Funds Index return showed a slight increase over Q3 2019 with a total return of 1.39% compared with 1.31% recorded over Q2, according to the latest release of the Global Real Estate Fund Index (GREFI).

Key highlights:

• Global strategy funds take the lead, outperforming European, US and Asia Pacific funds
• Non-core funds outperformed core funds with returns of 1.74% and 1.33% respectively

From Q3 2018 edition onward, the GREFI Index will no longer include US closed end value added funds (NPI - CEVA Index)

Please send any queries to Daisy Huang , Kip Kong or Amélie Delaunay.

•The ANREV’s All Funds index returned 1.13% in Q3 2019, down from 2.11% in Q2.

•Value added funds underperformed with a reported return of -3.01% vs 1.57% for core and 2.41% for opportunity funds.

Data contributions were received from 100 funds with a total gross asset value of US$133.3 billion. Further detail of the sub-indices which cover fund style and various geographies can be found in the full report.

We would like to thank all the companies that supported the data collection exercise and look forward to your continued support in the next round of data collection.

If you have any questions about the ANREV Index or want to take part in this industry-led initiative, please contact Daisy Huang at [email protected] or Kip Kong at [email protected].

The ANREV Australia Core Open End Fund Monthly Index (ACOE) saw a total return of 0.27% in November 2019. The ACOE includes 19 funds with a total GAV of AUD 113.70 billion.

The ACOE index also reports data on geographic allocation by sectors.

Please contact Daisy Huang at [email protected] or Draco Mok at [email protected] if you have any questions regarding the Index.

The ANREV Australia Core Open End Fund Monthly Index (ACOE) saw a total return of 0.37% in August 2019. The ACOE includes 19 funds with a total GAV of AUD 113.56 billion.

The ACOE index also reports data on geographic allocation by sectors.

Starting from this month, ANREV will be publishing a supplementary reports one month after every quarter showing aggregated gross returns on the 19 ACOE funds. The first gross return report shows a three months' total gross return of 1.52% for the period between July and September 2019.

Please contact Amélie Delaunay at [email protected] or Daisy Huang at [email protected] if you have any questions regarding the Index.

The document is a distillation of information provided to ANREV by non-listed property vehicles, as well as publicly available information of other non-listed property vehicles, in order to give a view on the size and composition of the Asia Pacific non-listed property funds market over a particular period of time.

If you have any questions, please contact Daisy Huang at [email protected] or Kip kong at  [email protected]

The ANREV Australia Core Open End Fund Monthly Index (ACOE) saw a total return of 0.74% in September 2019. The ACOE includes 19 funds with a total GAV of AUD 113.67 billion.

The ACOE index also reports data on geographic allocation by sectors.

Please contact Amélie Delaunay at [email protected] or Daisy Huang at [email protected] if you have any questions regarding the Index.

ANREV has launched the Q2 2019 IRR Index by vintage. The IRR Index measures performance of value added and opportunistic non-listed closed end funds investing in Asia Pacific.

The Q2 2019 sample of the ANREV IRR index includes 70 funds.

We welcome any questions or comments - please email Daisy Huang or Kip Kong.

Welcome to the September 2019 update of the Global Real Estate Fund Index (GREFI). It is an index showing the performance of non-listed real estate funds on a global basis and is created by ANREV, INREV and NCREIF. This publication includes performance figures up to end of Q2 2019.

The GREFI All Funds Index was updated for the first time on a quarterly basis following the second quarterly release of the ANREV Index for Q1 2014. From Q1 2014 onwards, GREFI has been updated 12 weeks after the quarter end. This index release follows the same structure of previous releases. All numbers are also available in an Excel file.

The history of the Global Real Estate Fund Index (GREFI) has been extended to Q1 2005, now offering almost 15 years of performance across all regions. 

The GREFI All Funds Index delivered a total return of 1.30% over the second quarter of 2019, down from 1.51% previously., according to the latest release of the Global Real Estate Fund Index (GREFI).

Key highlights:

• Asia Pacific outperformed Europe and US with a total return of 1.94% over Q2
• Non-core funds outperformed core funds with returns of 1.97% and 1.18% respectively

From Q3 2018 edition onward, the GREFI Index will no longer include US closed end value added funds (NPI - CEVA Index)

Please send any queries to [email protected] , [email protected] or [email protected].

•The ANREV All Funds index returned 1.94% in Q2 2019 up from 1.64% in Q1.

•Value added funds outperformed core and opportunity funds with a reported return of 2.79% vs 1.86% for core and 1.66% for opportunity funds.

Data contributions were received from 95 funds with a total gross asset value of US$129.5 billion. Further detail of the sub-indices which cover fund style and various geographies can be found in the full report.

We would like to thank all the companies that supported the data collection exercise and look forward to your continued support in the next round of data collection.

If you have any questions about the ANREV Index or want to take part in this industry-led initiative, please contact Daisy Huang at [email protected] or Kip Kong at [email protected].

The ANREV Australia Core Open End Fund Monthly Index (ACOE) saw a total return of 0.30% in August 2019. The ACOE includes 19 funds with a total GAV of AUD 113.33 billion

The ACOE index also reports data on geographic allocation by sectors.

Please contact Amélie Delaunay at [email protected] or Daisy Huang at [email protected] if you have any questions regarding the Index.